Wealth Without Bay Street EPISODE #106: On today’s episode of Wealth Without Baystreet, Jayson and Richard challenge an article’s view about taxing homeowners in Canada. The Canada Mortgage and Housing Corporation supports the proposal of a surtax on homes valued at $1 million or more. Jayson and Richard talk about how this would hurt the middle class, hard working citizens of the country.

IN THIS EPISODE, YOU WILL LEARN:

0:00 Introduction

2:48 Looking Into The Article

5:20 Digging Deeper Into The Problem

10:02 The Government’s Spending Problem

14:59 Origin of Income Tax in Canada

16:37 Real Estate Values

24:10 Why This Article Should Bother You

BNN Bloomberg Article: https://www.bnnbloomberg.ca/cmhc-backed-report-calls-for-surtax-on-1m-homes-1.1703518?fbclid=IwAR2T9R14BWOfNlHLGCYaUg6tBddcSTfjZLgY678wLsnCKIWSRC8rxGNTa8o

Federal Reserve Money Supply Graph: https://fred.stlouisfed.org/series/M1SL